By: Kevin Jay AdayaIt’s common for every consumer to practically weigh whether they prioritize quality or price the of purchase before acquiring a particular product. Quality must indeed come first, in all aspects since we can all agree that we aim for a long-lasting purchase from our hard-earned money. Still, we cannot deny the fact that not all have the luxury to buy products that basically ensure quality. Well, though you might enjoy the best of both worlds in a single purchase, often one must be compromised by the other. But what should we first consider when mainly we are talking in a real estate manner of acquisition? Here, we'll discuss some of the main factors to know how and what to consider upon purchasing real estate property, especially now that Real Estate Investment Trust, according to experts are seen to draw an increase in real estate activities in the entire country now and in the next few years. 1. LOCATION WISEOne essential factor to consider on acquiring your home is the location. It generally helps a significant amount of saving for you by merely looking into whether you can save by having all your basic necessities just a few meters away from you. It is better to better to pay a premium for property that gives you access to basic commodities not just for you, but for the whole family, like grocery, church, school, hospital, and other major establishments, than have a cheap property but has miles away to all your needs. 2. AFFECTING FACTORSThe next one might be too analytical and personal since you will be considering all your senses' preferences. Can I live in an environment nearly urbanized, or quite away from the city? Can I compromise my sense of sensitivity in terms of weather, knowing that I'd be living in high ridges where the cold breeze is very present? Do I really have a choice, or am I forced to live near business developments and bus terminal where foot traffic is constant at all times? Yes, you might want to feel the vibe before acquiring the property because it will greatly cost you an undefined price. You'll never want to take risks by just saying, "Nah, I'll get used to these new things I am not to, by the time I moved in here" when you know in your very true self that you won't, with a heavy heart. 3. FINANCIAL ASPECTSBut in a heavier and more technical aspect of all these considerations, you need to properly evaluate the property. In a more vague perspective, you must analyze the value of the property for future financing, consider all the insurances there is, the taxation which sets a big portion of the total cost and try to consider (even if you will not, but for the future price, in case you might need to) whether how much will it grow if you either have it for buy and rent, buy and lease, buy and sell or such likes. To sum up all these concerns with good pricing, you will be besting it if you buy low and then sell high. That way, you'll have more profit. That leads you to acquire more and more properties. Considering that several Real estate developers are now offering new and various forms of affordable properties such as townhouses, and other prime subdivisions like Camella are now being offered that suits all the needs each of us wants. Do you know more things and ways to consider how to know if you're getting a good price in getting your property? If you do, let us know by sending us a chat at camella.com.ph/inquire. Keywords: #RealEstate #RealEstateProperty #Urban #DavaoHomes #MindanaoHomes #Subdivision #VaProperty #BuyAndSell #BuyandRent #BuyAndLease #PrimeInvestment #Investment
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